Discover the Birch Group - Gold

• The Birch Gold Group is a gold-focused investment advisory and trading firm headquartered in Barbados, with offices in the U.S.
• The firm was founded in 2013 by Stefan Szymanski, who holds a degree in finance from the London School of Economics.
• It is a member of both the London Bullion Market Association (LBMA) and the Commodity Futures Trading Committee (CFTC).

The Birch Gold Group is a gold-focused investment advisory and trading firm headquartered in Barbados, with offices in the U.S. It is a member of both the London Bullion Market Association (LBMA) and the Commodity Futures Trading Committee (CFTC). The firm was founded in 2013 by Stefan Szymanski, who holds a degree in finance from the London School of Economics.
The Birch Gold Group has been consistently profitable since it was founded. In September 2019, it closed a $5 million round of funding and announced plans to expand its operations.

Meet the Author:

The Birch Group is a precious metals firm that advises investors on how best to use gold in their portfolio. The founder, Peter Schiff, is a popular figure within the precious metal community. He has over 40 years of experience in the field and was one of the early promoters of the Austrian school of economics, which promotes the importance of gold.

What's in This Episode?

The Birch Group is a wealth management firm based in Dallas, Texas. The Birch Group offers services in financial planning, investment management, and tax management. The firm specializes in working with entrepreneurs, high net worth individuals, and families.
The Birch Group also performs investment research and provides sector outlooks for its clients. In addition, the firm offers managed portfolios.
The Birch Group was founded in 2004 by Brian E. Birch, CFP and Chartered Financial Analyst. Over the years, the firm has expanded to offices in Houston and Austin, Texas, as well as Philadelphia, Pennsylvania. The firm has 24 employees.

Term of the Week:

Gold Futures.
Investopedia explains:
The price of gold has fluctuated dramatically in the 21st century as the economy has stumbled from crisis to crisis. The global recession of 2007-2009 was followed shortly after by the global financial crisis, which sent the value of gold soaring and (for a time) made it the most valuable commodity on earth.
The price of gold has been on an uptrend since May 2015, as the Federal Reserve raised interest rates. The central bank has been raising rates in an effort to bring inflation up to its 2% target. However, gold prices have stalled, despite inflation remaining well below target.
The current price of gold is $1,488.14 per ounce, $17.61 lower for the week.

Term of the Day:

The Birch Group - Gold (BXG)
An ETF that tracks the price of gold and silver, the Birch Group - Gold (BXG) seeks to replicate the performance of the NYSE Arca Gold Miners Index. BXG charges a 0.16% management fee.

Explanation of the Week:

With the stock markets in freefall, commodities like gold have been rallying sharply, and it appears that the bullish trend will continue. Taking a closer look, we can see that a gold fund is consolidating above an upward-trending support line in a bullish manner. A move above this support line will likely attract the majority of funds, which will likely send the price higher.

Quick Hits:

The Birch Gold Group is a precious metals trading firm.
The firm was founded in 2009 by Simon Birch
The Birch Gold Group is based in Toronto, Canada
The firm provides investors with debt-free precious metals

Chart of the Week:

(click to enlarge)
The Birch Group - Gold (BGID) is a physical precious metals fund. As the price of gold has been rising, the fund has seen solid returns. The fund holds a 1% stake in a gold vault.

Stock of the Week:

(+41.3 %)
The Birch Group - Gold
Sector:
Precious Metals/Mining
Industry:
Industrial Metals & Mining

"The Birch Group Gold Company Ltd. (BCGI) is an emerging precious metals producer focused on gold production at its 100%-owned El Tesoro mine in Sonora, Mexico. El Tesoro produces gold from open pit and underground mines, with annual gold production of 242,000 ounces in 2021."
Read more about The Birch Group - Gold here.